scheme positioning and categorization - hdfcfund.com...scheme positioning and categorization date:...

Scheme Positioning and Categorization

Date: 26th April 2018

Equity Schemes {9 Schemes}

Hybrid Schemes {6 Schemes}

Debt Schemes {13 Schemes}

Solution Oriented Schemes {2 Schemes}

Other Schemes(including Index Funds, ETFs and FOFs) { 7 Schemes}

Open-Ended Scheme Categories*

2

ETF - Exchange Traded Fund, FOF - Fund of Funds*To bring standardization in scheme categories and uniformity in the characteristics of schemes under each category, across Mutual Funds, the Securities and Exchange Board of India (SEBI) had issued a circular on 6th Oct 2017. As per the circular, read with circular dated 4th Dec 2017, we present the new product spectrum of HDFC Mutual Fund.

Equity Schemes – Our Offerings

Equity(9 schemes)

Non Market Cap Biased

Market Cap Biased

Large CapHDFC Top 100 Fund

Mid CapHDFC Mid Cap

Opportunities Fund

Large & Mid CapHDFC Growth

Opportunities Fund

Small CapHDFC Small Cap Fund

Multi CapHDFC Equity Fund

ValueHDFC Capital Builder

Value Fund

FocusedHDFC Focused 30 Fund

DiversifiedThematic

HDFC Infrastructure Fund

ELSSHDFC TaxSaver

3

Positioning - Equity SchemesDiversified Equity Schemes

Old Name New Name Category Positioning EffectiveDate

HDFC Top 200 Fund

HDFC Equity Fund

HDFC Capital Builder Fund

HDFC Core & Satellite Fund

HDFC Mid CapOpportunities Fund

HDFC Small Cap Fund

HDFC Large Cap Fund

HDFC Top 100 Fund

HDFC Mid-Cap Opportunities Fund

HDFC Small Cap Fund

HDFC Growth Opportunities Fund

HDFC Equity Fund

HDFC Capital Builder Value Fund

HDFC Focused 30 Fund

Multi Cap Fund

Value Fund

Focused Fund

Seeks opportunities acrosslarge, mid and small marketcapitalization stocks

Follows a “Value” investingstrategy

Invests into a maximum of30 stocks, while diversifyingamong stocks acrossmarket capitalizations

Large Cap Fund

Mid Cap Fund

Small Cap Fund

Large & Mid Cap Fund

Focuses on Large Cap stocks(minimum 80% of total assets)

Focuses on Mid Cap stocks(minimum 65% of total assets)

Focuses on Small Cap stocks(minimum 65% of total assets)

Invests a minimum of 35% oftotal assets each into large andmid cap stocks

Market Cap Biased

Non-Market Cap Biased

Thematic Schemes

Old Name New Name Category Positioning Effective Date

HDFC Infrastructure Fund HDFC Infrastructure Fund Sectoral /Thematic Fund

Follows an infrastructure theme(minimum 80% of total assets)

Equity Linked Savings Scheme


HDFC TaxSaver HDFC TaxSaver ELSS An Equity Linked Savings Scheme (ELSS)with a statutory lock in of 3 years and taxbenefit. Minimum investment in equity &equity related instruments - 80% of totalassets (in accordance with Equity LinkedSaving Scheme, 2005 notified byMinistry of Finance)

4

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

23rd May 2018

Hybrid Schemes –Our Offerings

5

Arbitrage FundHDFC Arbitrage Fund

Conservative Hybrid FundHDFC Hybrid Debt Fund

Aggressive Hybrid FundHDFC Hybrid Equity Fund

Balanced Advantage FundHDFC Balanced Advantage Fund

Equity SavingsFundHDFC Equity Savings Fund

Expected Return

Expe

cted

Ris

k

Multi-Asset AllocationHDFC Multi Asset Fund

Positioning - Hybrid Schemes


HDFC Arbitrage Fund

HDFC MF MonthlyIncome Plan - LTP

HDFC Arbitrage Fund

HDFC Hybrid Debt Fund

Arbitrage Fund

ConservativeHybrid Fund

Invests a minimum of65% into fully hedgedequity positions

Follows a debt orientedhybrid strategy withequity exposure rangingbetween 10% to 25% oftotal assets

HDFC Equity Savings Fund

HDFC Balanced Fund

HDFC Equity Savings Fund

HDFC Hybrid Equity Fund(erstwhile HDFC Balanced Fundand HDFC Premier Multi-Cap Fund)

Equity SavingsFund

Aggressive HybridFund

Invests a minimum of65% of total assets into grossequity positions, whilemaintaining a net equityexposure ranging between15% to 40% of total assets.Minimum debt exposure10% of total assets

Follows an equity orientedhybrid strategy with equityexposure ranging between65% to 80% of total assets

HDFC Prudence Fund HDFC Balanced Advantage Fund(erstwhile HDFC Prudence Fundand HDFC Growth Fund)

BalancedAdvantage Fund

Follows a hybrid strategywith 100% flexibility to movebetween equity and debt

6

23rd May 2018

23rd May 2018

23rd May 2018

26th May 2018

2nd June 2018

2nd June 2018

HDFC Multiple Yield Fund- Plan 2005

HDFC Multi-Asset Fund Multi AssetAllocation

Follows a hybrid strategywith a flexibility to investinto equity, debt and gold -each with exposures rangingbetween 10% to 80% of totalassets

7

Debt Schemes – Our Offerings

Debt Schemes

Theme BasedDuration Based

HDFC Overnight Fund

HDFC Liquid Fund

HDFC Money Market Fund

HDFC Low Duration Fund

HDFC Short Term Debt Fund

HDFC Medium Term Debt Fund

HDFC Income Fund

HDFC Gilt Fund

HDFC Banking and PSU Debt Fund

HDFC Corporate Bond Fund

HDFC Floating Rate Debt Fund

HDFC Credit Risk Debt Fund

HDFC Dynamic Debt Fund

Positioning - Debt Schemes

Old Name New Name Category PortfolioDuration Band Positioning Effective

Date

HDFC Cash ManagementFund - Call Plan

HDFC Liquid Fund

HDFC Cash ManagementFund - Savings Plan

HDFC Cash ManagementFund - TreasuryAdvantage Plan

HDFCOvernight Fund

HDFC Liquid Fund

HDFC MoneyMarket Fund

HDFC LowDuration Fund

OvernightFund

1 business day

Up to 91 daysLiquid Fund

Money MarketFund

Low DurationFund

Up to 1 year

6 to 12 months

HDFC Short TermOpportunities Fund

HDFC ShortTerm Debt Fund

1 to 3 years Invests in instruments suchthat Macaulay duration ofthe portfolio is between 1year and 3 years

Short DurationFund

HDFC High Interest Fund- STP

HDFC MediumTerm Debt Fund

3 to 4 years Invests in instruments suchthat Macaulay duration ofthe portfolio is between 3years and 4 years*

MediumDuration Fund

HDFC Income Fund HDFC Income Fund 4 to 7 years Invests in instruments suchthat Macaulay duration ofthe Portfolio is between 4years and 7 years*

Medium to LongDuration Fund

Invests in overnightsecurities

Invests in debt and moneymarket securities, withmaturity up to 91 days

Invests in money marketinstruments, with maturityup to 1 year

Invests in instruments suchthat Macaulay duration ofthe portfolio is between 6months and 12 months

Duration Based Schemes

Theme Based Schemes


HDFC Gilt Fund - LTP HDFC Gilt Fund Gilt Fund Invests in government securitiesacross maturities

HDFC Banking and PSUDebt Fund

HDFC Banking andPSU Debt Fund

Banking and PSUFund

Invests a minimum of 80% in debtinstruments of Banks, Public SectorUndertakings and Public FinancialInstitutions and Municipal Bonds

HDFC MediumTerm Opportunities Fund

HDFC CorporateBond Fund

Corporate BondFund

Invests a minimum of 80% in corporatebonds with rating of AA+ and above

HDFC FloatingRate Income Fund - STP

HDFC Floating RateDebt Fund

Floater Fund Invests predominantly in floating rateinstruments

HDFC CorporateDebt Opportunities Fund

HDFC Credit RiskDebt Fund

Credit Risk Fund Invests a minimum of 65% into AAand below rated corporate bonds(excluding AA+ corporate bonds)

HDFC High Interest Fund -Dynamic Plan

HDFC DynamicDebt Fund

Invests across durations.Dynamic Bond Fund

8

* Portfolio Macaulay duration under anticipated adverse situation maybe reduced to 1 year

9th May 2018

9th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

16th May 2018

26th May 2018

2nd June 2018

9


HDFC RetirementSavings Fund

HDFC Retirement SavingsFund

Retirement Fund A notified tax saving cum pensionscheme with an objective to providelong term capital appreciation/incomeby investing in a mix of equity and debtinstruments to help investors meettheir retirement goals3 Plans - Equity, Hybrid Equity andHybrid Debt

HDFC Children’sGift Fund

HDFC Children’s Gift Fund Children’s Fund Scheme for investment for childrenwith an objective of capitalappreciation/income from a portfoliomix of equity and debt instruments

Positioning - Solution Oriented Schemes

23rd May 2018

2nd June 2018

Positioning - Other Schemes

10

Index Funds / ETFs


HDFC Index Fund - Nifty Plan

Index Fund Replicates/tracks NIFTY 50 Index

Replicates/tracks S&P BSESENSEX Index

Replicates/tracks NIFTY 50 Index

Replicates/tracks S&P BSE SENSEXIndex

Index Fund

ETF

ETF

HDFC Index Fund -SENSEX Plan

HDFC NIFTY ETF

HDFC SENSEX ETF

HDFC Index Fund - NIFTY 50 Plan

HDFC Index Fund -SENSEX Plan

HDFC NIFTY 50 ETF

HDFC SENSEX ETF

Old Name New Name Category Positioning

HDFC GoldExchange Traded Fund

HDFC Gold ExchangeTraded Fund

ETF Replicates/tracks the performanceof Gold

HDFC Gold Fund HDFC Gold Fund FOF Invests in HDFC Gold ExchangeTraded Fund

HDFC Dynamic PERatio Fund of Funds

HDFC Dynamic PERatio Fund of Funds

FOF Invests in specified equity and debtschemes of HDFC Mutual Fundbased on PE Ratios

Gold ETFs / FOFs

ETF - Exchange Traded Fund, FOF - Fund of Funds

Effective Date

16th May 2018

16th May 2018

23rd May 2018

23rd May 2018

23rd May 2018

26th May 2018

2nd June 2018

Old Scheme Names New Scheme Name

HDFC Balanced Fund and HDFC Premier Multi-Cap Fund

HDFC Prudence Fund and HDFC Growth Fund

HDFC MF Monthly Income Plan - LTP and STP

HDFC Index Fund – SENSEX Plan and SENSEX Plus Plan

HDFC Medium Term Opportunities Fund, HDFC Floating Rate Income Fund - LTP and HDFC Gilt Fund - STP

HDFC Corporate Debt Opportunities Fund and HDFC Regular Savings Fund

HDFC Hybrid Equity Fund

HDFC Balanced Advantage Fund

HDFC Hybrid Debt Fund

HDFC Index Fund – SENSEX Plan



Scheme Name Remarks

HDFC Long Term Advantage Fund Discontinuation of subscriptions in this scheme, with effect from 16th May 2018

Merged Schemes

Discontinued Scheme

11

The above is a brief description of the merged schemes. For complete details on scheme mergers / change in characteristics of the schemes, investors are requested to refer to the notice-cum-addenda dated March 27, 2018, April 19, 2018 and April 25, 2018 available on the website of the Fund www.hdfcfund.com

PRODUCT LABELING: To provide investors an easy understanding of the kind of product/scheme they are investing in and its suitability to them, the product labeling for the following schemes is as under:

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

HDFC Overnight Fund

HDFC Liquid Fund

• Regular income over short term that may be in line with the overnight call rates• To generate returns by investing in debt and money market instruments with overnight maturity

• Regular income over short term• To generate income through a portfolio comprising money market and debt instruments

HDFC Low Duration Fund

HDFC Money Market Fund

HDFC Short Term Debt Fund

• Income over short term• To generate income/capital appreciation through investment in debt securities and money market instruments

• Income over short term• To generate income/ capital appreciation by investing in money market instruments

• Income over short term• To generate income/capital appreciation through investments in Debt and Money Market Instruments

RISKOMETERNAME OF SCHEME THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*

Investors understand that their principal will be at low risk

Investors understand that their principal will be at moderately low risk

HDFC Floating Rate Debt Fund


• Income over short term• To generate income/capital appreciation through investment in a portfolio comprising substantially of floating rate debt, fixed rate debt instruments swapped for floating rate returns and money market instruments

• Income over short to medium term• To generate income/capital appreciation through investments predominantly in AA+ and above rated corporate bond

12

HDFC Medium Term Debt Fund

HDFC Income Fund

• Income over medium term• To generate income/capital appreciation through investments in Debt and Money Market Instruments

• Income over medium to long term• To generate income/capital appreciation through investments in debt and money market instruments

HDFC Dynamic Debt Fund • Income over medium to long term• To generate income/capital appreciation by investing in a range of debt and money market instruments

Investors understand that their principal will be at moderate risk


HDFC Banking and PSU Debt Fund

HDFC Gilt Fund

• Income over short to medium term• To generate income/capital appreciation through investments in debt and money market instruments consisting predominantly of securities issued by entities such as Scheduled Commercial Banks (SCBs), Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), Municipal Corporations and such other bodies

• Credit risk free returns over medium to long term• To generate credit risk-free returns through investments in sovereign securities issued by the Central Government and/or State Government


• Income over short to medium term • To generate income/capital appreciation by investing predominantly in AA and below rated corporate debt (excluding AA+ rated corporate bonds)


HDFC Arbitrage Fund • Income over short term• Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment

Investors understand that their principal will be at moderately low risk

13


HDFC Small Cap Fund

HDFC Capital Builder Value Fund

• To generate long-term capital appreciation /income• Investments predominantly in Small-Cap companies

• To generate long-term capital appreciation/income in the long term • Investment primarily in undervalued stocks

HDFC TaxSaver • To generate long-term capital appreciation / income• Investment predominantly in equity & equity related instruments

HDFC Index Fund-NIFTY 50 Plan

• Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term • Investment in equity securities covered by the NIFTY 50

HDFC Index Fund-SENSEX Plan

• Returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term • Investment in equity securities covered by the S&P BSE SENSEX

HDFC NIFTY 50 ETF • Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term• Investment in equity securities covered by the NIFTY 50

HDFC SENSEX ETF • Returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term• Investment in equity securities covered by the S&P BSE SENSEX

14


HDFC Growth Opportunities Fund

HDFC Focused 30 Fund

• To generate long-term capital appreciation/income • Investments in predominantly Large Cap and Mid Cap companies

• To generate long-term capital appreciation/income • Investments in equity & equity related instruments of up to 30 companies

HDFC Equity Fund • To generate long-term capital appreciation / income• Investment predominantly in equity & equity related instruments

HDFC Top 100 Fund • To generate long-term capital appreciation/income • Investment predominantly in Large-Cap companies

HDFC Mid-Cap Opportunities Fund

• To generate long-term capital appreciation/income• Investments predominantly in Mid-Cap companies


HDFC Multi-Asset Fund • To generate long-term capital appreciation/income • Investments in a diversified portfolio of equity & equity related instruments, debt & money market instruments and Gold

HDFC Equity Savings Fund • Capital appreciation while generating income over medium to long term• Provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments

HDFC Hybrid Debt Fund • To generate long-term income /capital appreciation• Investments primarily in debt securities, money market instruments and moderate exposure to equities

HDFC Hybrid Equity Fund • To generate long-term capital appreciation / income • Investments predominantly in equity & equity related instruments. The scheme will also invest in debt and money market instruments

HDFC Balanced Advantage Fund

• To generate long-term capital appreciation / income • Investments in a mix of equity and debt instruments

15


MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.

HDFC Infrastructure Fund • To generate long-term capital appreciation/income• Investment predominantly in equity and equity related securities of companies engaged in or expected to benefit from the growth and development of infrastructure


HDFC Retirement Savings Fund - Equity Plan

HDFC Retirement Savings Fund - Hybrid-Equity Plan

HDFC Children’s Gift Fund

• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in equity and equity related instruments

• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in equity and equity related instruments & balance in debt and money market instruments

HDFC Retirement Savings Fund - Hybrid-Debt Plan

• A corpus to provide for pension in the form of income to the extent of the redemption value of their holding after the age of 60 years• Investment predominantly in debt and money market instruments & balance in equity and equity related instruments

• Capital appreciation over long term• Investment in equity and equity related instruments as well as debt and money market instruments

HDFC Gold Exchange Traded Fund

• Returns that are commensurate with the performance of gold, subject to tracking errors, over long term• Investment predominantly in Gold bullion of 0.995 fineness

HDFC Gold Fund • Capital appreciation over long term• Investment in Units of HDFC Gold Exchange Traded Fund (HGETF). HGETF invests in gold bullion of 0.995 fineness

HDFC Dynamic PE Ratio Fund of Funds

• Capital appreciation over long term• Investment in specified equity and debt schemes of HDFC Mutual Fund based on PE Ratios


Investors understand that their principal will be at high risk

The information given here is for general purposes only. The details are given in summary form and do not purport to be complete. For complete details on changes to the Schemes, investors are requested to refer to the notices dated March 27, 2018, April 5, 2018, April 12, 2018, April 19, 2018 and April 25, 2018 (2 notices) available on the website of the Fund www.hdfcfund.com . The information/ data herein alone are not sufficient and should not be used for the development or implementation of an investment strategy. Neither HDFC AMC and HDFC Mutual Fund nor any person connected with them, accepts any liability arising from the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein.

16

scheme positioning and categorization - hdfcfund.com...scheme positioning and categorization date:...

Documents